Browse
Search
2021_10_21 BOER MINUTES
OrangeCountyNC
>
Advisory Boards and Commissions - Active
>
Board of Equalization and Review
>
Minutes
>
2021
>
2021_10_21 BOER MINUTES
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/12/2022 3:41:35 PM
Creation date
7/12/2022 3:38:13 PM
Metadata
Fields
Template:
BOCC
Date
10/21/2021
Meeting Type
Regular Meeting
Document Type
Advisory Bd. Minutes
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
DocuSign Envelope ID: E2BCDBED-225D-4680-867C-DF3ABABC19E3 <br /> KINGSTON INVESTOR LLC PIN 9880542910.001 <br /> David Kaufman elected not to appear before the Board and requested that the submitted documentation <br /> serve as the appeal. The appellant is appealing the value of the property located at 123 Kingston Drive <br /> Unit 105A, Chapel Hill. The current assessed value of the property is $123,000. A list of evidence <br /> follows: <br /> APPELLANT COUNTY <br /> 9880542910.001 Appeal 9880542910.001 County <br /> The appellant documentation stated that the estimated value of the property is $90,000. Cyle Anderson <br /> represented the County and stated that the appellant states that there is no income information available <br /> and the office condominium is in poor condition. However,the appellant submitted no evidence to <br /> support the opinion of value for the property. <br /> Upon review of this property by CCA, CCA weighted the sales comparison approach at 60%and the <br /> income approach at 40%for a reconciled valuation of$112,623. As a result of this review, Orange <br /> County recommends increasing the economic market adjustment on the property from E30 to E36 for a <br /> revised valuation of$112,500 for the property. <br /> The Board reviewed all documents and information provided by the appellant and the County. After <br /> deliberation and review,Mr. Beattie made a motion to accept the County's revised valuation of$112,500 <br /> for the property. Ms. Levine seconded the motion and the motion carried. <br /> Yes: 3 <br /> Noes: 0 <br /> KINGSTON INVESTOR LLC PIN 9880542910.002 <br /> David Kaufman elected not to appear before the Board and requested that the submitted documentation <br /> serve as the appeal. The appellant is appealing the value of the property located at 123 Kingston Drive <br /> Unit 106A, Chapel Hill. The current assessed value of the property is $123,000. A list of evidence <br /> follows: <br /> APPELLANT COUNTY <br /> 9880542910.002 Appeal 9880542910.002 County <br /> The appellant documentation stated that the estimated value of the property is $90,000. Cyle Anderson <br /> represented the County and stated that the appellant states that there is no income information available <br /> and the office condominium is in poor condition. However,the appellant submitted no evidence to <br /> support the opinion of value for the property. <br /> Upon review of this property by CCA, CCA weighted the sales comparison approach at 60%and the <br /> income approach at 40% for a reconciled valuation of$112,623. As a result of this review, Orange <br /> County recommends increasing the economic market adjustment on the property from E30 to E36 for a <br /> revised valuation of$112,500 for the property. <br />
The URL can be used to link to this page
Your browser does not support the video tag.